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The Life Insurance Global Market Report 2020-30 by The Business Research Company describes and explains the global life insurance market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Life Insurance Global Market Report 2021 covers life insurance market drivers, life insurance market trends, life insurance market segments, life insurance market growth rate, life insurance market major players, and life insurance market size.
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The life insurance market report provides an in-depth analysis of the impact of COVID-19 on the global life insurance industry, along with revised market numbers due to the effects of the coronavirus and the expected life insurance market growth numbers 2021-2030.
Life Insurance Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global life insurance market is expected to grow from $2.47 trillion in 2020 to $2.88 trillion in 2021 at a compound annual growth rate (CAGR) of 16.3%. The market is expected to reach $3.52 trillion in 2025 at a CAGR of 5.1%.
The report covers the life insurance market segments-
1) By Type: Term Life Insurance, Whole Life Insurance, Variable Life Insurance, Equity Indexed Life Insurance, Accidental Death Insurance, Other Life Insurance.
2) By Application: Agency, Brokers, Bancassurance, Digital & Direct Channels.
3) By Mode: Online, Offline.
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